Wednesday, June 08, 2005

Candidate for The Adam Smith Monthly Prize 2?

From The Washington Times, 8 June 2005

"Ferme la Airbus" By Bruce Fein

"Colbert's mercantilism eclipsed Adam Smith's free enterprise."

“Centuries ago, Adam Smith's "The Wealth of Nations" scorned Airbus-type subsidies.
‘The bounty to the white-herring fishery is a tonnage bounty; and it is proportioned to the burden of the ship, not to her diligence or success in the fishery; and it has, I am afraid, been too common for vessels to fit out for the sole purpose of catching not the fish but the bounty.’ "

Bruce Fein is a constitutional lawyer and international consultant with Bruce Fein & Associates and the Lichfield Group.

Fein’s full article can be read at http://washingtontimes.com

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